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CMS Range Accrual Swap

A range accrual swap in which the observation rate is based on a constant maturity swap (CMS) rate, rather than...

Rolling Cap

A super flexible cap in which the notional amount is automatically rolled forward if not used by the holder. In...

Spot Start Swap

A swap that comes into effect two business days from its trade date. The value date of a spot start...

Static Hedge

A hedge that requires no changes to its components once it is initiated. That is, the hedge will not need...

Boston Option

An option in which payment of the premium is deferred until the expiration of the option. A Boston option is...

Down-Variance Swap

A conditional variance swap (also a corridor variance swap) in which realized volatility accrues when the underlying remains below a...

Up-Variance Swap

A conditional variance swap (also a corridor variance swap) in which realized volatility accrues when the underlying remains above a...

Conditional Variance Swap

A variance swap that allows investors to take exposure on a specific level of volatility provided that the underlying has...

Equity Swap

A swap in which the counterparties exchange payments based on a notional principal specified in a portfolio of stocks. It...

Rolling-Stack Hedge

A hedging technique (also a type of leapfrogging) which is used to provide cover for a series of exposures such...